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THE EFFECT OF COMMODITY EXPORTS AND FOREIGN DEBT ON FLUCTUATIONS OF INDONESIA'S FOREIGN EXCHANGE RESERVES Noviami Trisniarti; Mutia Rahmah; Muhammad Hafizh; Andika Al Imran; Anggi Rahayu
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 4 No. 3 (2024): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/morfai.v4i3.2200

Abstract

Foreign exchange reserves are crucial in maintaining macroeconomic stability, particularly in developing countries. This study aims to analyze the impact of commodity exports and external debt on Indonesia's foreign exchange reserves from 1990 to 2023. A quantitative approach with a multiple linear regression model was employed, using time-series data sourced from BPS, the World Bank, and Bank Indonesia. The dependent variable is foreign exchange reserves, while the independent variables include CPO exports, metal exports, and external debt. The findings indicate that CPO exports significantly improve foreign exchange reserves, highlighting their strategic importance as a primary export commodity. In contrast, metal exports show a significant negative impact, driven by low value-added processing and high dependency on imported materials. External debt demonstrates positive and significant effects, reflecting its utility in strengthening reserves when effectively managed. This study emphasizes the need to enhance value-added processes for commodity exports and prudently manage external debt to optimize Indonesia's foreign exchange reserves. Future research could explore other variables, such as foreign direct investment (FDI), monetary factors, tourism, or labour, to provide deeper insights and refine analytical tools.
THE DYNAMICS OF CREATIVITY: MAPPING OPPURTUNITIES AND CHALLENGES IN THE CREATIVE ECONOMY OF LHOKSEUMAWE Mutia Rahmah; Noviami Trisniarti; Muhammad Hafizh; Ratih Widyadhana; Rezeki Fitri Tritami
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 4 No. 5 (2024): October
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.19494404

Abstract

This study aims to analyze the opportunities and challenges in the development of the creative economy in Lhokseumawe City using a SWOT-based approach. A descriptive qualitative method was applied, with data collected through in-depth interviews, observations, and documentation involving key stakeholders, including creative industry actors, government representatives, academics, and communities. The data were analyzed using the Internal Factor Analysis Summary (IFAS) and External Factor Analysis Summary (EFAS) matrices to identify internal and external strategic factors. The results indicate that the IFAS score is 2.40 and the EFAS score is 2.40, reflecting moderate internal and external conditions. The strength score (1.50) and opportunity score (1.50) indicate that the sector is supported by strong internal potential and favorable external conditions. Based on the Cartesian SWOT analysis, the creative economy in Lhokseumawe City is positioned in Quadrant I, suggesting the implementation of an aggressive strategy. Therefore, optimizing strengths and opportunities through innovation, digital transformation, and stakeholder collaboration is essential to support sustainable development.